Quantbot Technologies LP Makes New Investment in Powell Industries, Inc. $POWL

Quantbot Technologies LP acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,431 shares of the industrial products company’s stock, valued at approximately $1,269,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Powell Industries by 1.1% in the fourth quarter. Alps Advisors Inc. now owns 1,599 shares of the industrial products company’s stock valued at $510,000 after buying an additional 18 shares in the last quarter. CWM LLC increased its stake in Powell Industries by 2.0% during the 4th quarter. CWM LLC now owns 1,219 shares of the industrial products company’s stock worth $389,000 after acquiring an additional 24 shares during the period. Sequoia Financial Advisors LLC increased its stake in Powell Industries by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 686 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 25 shares during the period. Maryland State Retirement & Pension System raised its holdings in Powell Industries by 2.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 1,380 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 27 shares in the last quarter. Finally, Garner Asset Management Corp raised its holdings in Powell Industries by 4.2% in the 4th quarter. Garner Asset Management Corp now owns 793 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Brett Alan Cope sold 4,440 shares of Powell Industries stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $241.55, for a total value of $1,072,482.00. Following the transaction, the chief executive officer directly owned 517,233 shares of the company’s stock, valued at $124,937,631.15. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael William Metcalf sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $284.64, for a total value of $1,280,880.00. Following the completion of the sale, the executive vice president owned 78,900 shares in the company, valued at $22,458,096. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,898 shares of company stock valued at $12,353,653 over the last ninety days. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

POWL has been the topic of a number of recent analyst reports. Zacks Research cut Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings cut shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Glj Research upgraded shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Cantor Fitzgerald decreased their target price on shares of Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Powell Industries has a consensus rating of “Moderate Buy” and an average target price of $215.42.

Powell Industries Stock Up 0.6%

NASDAQ POWL opened at $190.19 on Wednesday. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.52 and a beta of 1.18. Powell Industries, Inc. has a twelve month low of $83.85 and a twelve month high of $328.00. The stock has a fifty day simple moving average of $235.21 and a 200 day simple moving average of $231.39.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.The company had revenue of $311.74 million for the quarter, compared to analyst estimates of $316.70 million. During the same period in the previous year, the firm posted $3.96 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts expect that Powell Industries, Inc. will post 5.36 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th. Powell Industries’s dividend payout ratio (DPR) is 6.91%.

Powell Industries Company Profile

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium?voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.